Original scientific paper
https://doi.org/10.1080/1331677X.2020.1870520
Probabilistic double hierarchy linguistic alternative queuing method for real economy development evaluation under the perspective of economic financialization
Xunjie Gou
Pinxin Xiao
Deyue Huang
Fumin Deng
Abstract
With the development of science and technology, the new road
of scientific economic and financial development has played a
decisive role in supporting the financial undertaking. To accelerate the economic development, it is very important to increase
the guiding role of financial undertaking in the real economy.
Therefore, it is necessary to promote the development of the real
economy under the perspective of economic financialization
based on some actions. To judge the implementation effect of
these actions, this paper develops a multiple criteria decisionmaking (MCDM) method to evaluate them. First, the decisionmaking matrices are established with the probabilistic double
hierarchy linguistic term set in which the probabilities are added
to all double hierarchy linguistic terms. Additionally, a weightdetermining method is developed to obtain the weight vector of
criteria, and we develop a MCDM method named the probabilistic
double hierarchy linguistic alternative queuing method (PDHLAQM), where the decision-making result is intuitive by a directed
graph or a 0–1 precedence relationship matrix. Furthermore, we
apply the PDHL-AQM to solve a practical MCDM problem involving the real economy development evaluation under the perspective of economic financialization. Finally, some comparative
analyses are made to show the advantages and reasonableness of
the PDHL-AQM.
Keywords
Real economy development; economic financialization; probabilistic double hierarchy linguistic term set; multiple criteria decisionmaking; PDHL-AQM
Hrčak ID:
301650
URI
Publication date:
31.12.2021.
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